Gold Coast startups are tapping into one of Australia’s most underutilised growth levers: the Research & Development (R&D) Tax Incentive. As the Australian Government’s most significant lever for funding innovation which enables companies developing new or novel products or services to claim back a proportion of eligible R&D expenditure as either a cash refund or a tax offset. For many founders, this can mean serious, unexpected capital reinvested straight back into product development, hiring, or scaling.
With increasing momentum across the Gold Coast’s innovation ecosystem, more local companies are turning to the R&D Tax Incentive as a strategic tool to drive commercialisation and competitiveness. From software and agritech to biotechnology, advanced manufacturing, and green energy, founders are embracing both the financial support and the validation that R&D incentives provide.
One of the local players leading this charge is prmpt., a Gold Coast-based R&D consultancy with more than 12 years of experience. Their streamlined, compliance-focused approach helps businesses maximise their claims while ensuring they meet the rigorous requirements of the program. Over the years, prmpt. has delivered an impressive $24.6 million in R&D tax incentive offsets and refunds to clients across industries, including software, agriculture, biotechnology, manufacturing, telecommunications, and large-scale tech, to name a few.
Cohort Innovation Space is excited to partner with prmpt for the next 12 months to help founders better understand how R&D can strengthen cash flow and fast-track their innovation pathways. With prmpt.’s experience across emerging technologies in green energy, advanced manufacturing, and software development, the partnership is set to create a meaningful impact for local founders looking to scale.
Founder Josh, who recently partnered with Cohort Innovation Space, says the collaboration is fuelled by a shared vision for the region’s future.
“The Gold Coast is rapidly emerging as a thriving hub for start-ups and visionary companies reshaping their industries. We wanted to play a more active role in that momentum by sharing our experience in the R&D space. So, partnering with Cohort Innovation Space felt like the perfect way to give back and help fuel the next wave of growth.”
With founders increasingly searching for non-dilutive funding pathways, the R&D Tax Incentive is becoming a powerful tool. Through its new partnership with Cohort Innovation Space, prmpt. is helping more Gold Coast companies unlock hidden capital, strengthen their innovation pipelines, and turn ambitious ideas into market-ready solutions.
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Visit prmpt: http://prmpt.com.au/
Cohort Innovation Space Partners: cohortspace.com.au/partnerships/